issue between the two nations. world leaders are not seeing eye to eye, and speeches included from the president of the united states, russia, and china, and traded barbs on the most pressing iues. we spoke to the editor in chief in new york. >> reporter: miccy, what's your take on today's debate? >> reporter: yes, the presidents of chinese and russia shared the view that the u.n. served the common good for the last 70 years, but their views on the current global situation were not harmonious at all, but full of distrust. u.s. president obama warned of dangerous currents pulling us into a darker, disordered world criticizing russia over its takeover of crimea.
>> we cannot stand by when the sovereignty is violated. when that happens in ukraine, it could happen to any nation gathered here today. that's the basis of a sanctions of the united states and our partners impose on russia. >> reporter: russian president vladimir putin was ready with counter arguments. he said on extremists like the islamic state group grew in the power vacuum of the u.s. led military led operations in countries like iraq and syria. >> translator: and now the ranks of radicals are joined by moderate oppositions by western countries. theyre armed and trained and defect to the islamic state. >> reporter: obama also pointed this out to south china sea, another area of tension, where china claims most of the sea as its territory.
>> the south china sna sea, the united states makes no claim on territory there. we have an interest in upholding the basic principles of the freedom of navigation and free flow of commerce and in resolving disputes through international law, not the law of force. >> chinese president ping did not respond to this immediately, but he did indirectly criticize powerful nations like the u.s. >> tnslator: the future of the world must be shaped by all countri countries, all countries are equals. the big, strong, and the rich should not bully the strong, weak, and poor. reporter: xi stressed china will not pursue a sphere of influence, but announced military assistance of over $100 million for african nations.
the south korean president showed concern over japan's new security legislation expanding the rule of self-defense forces. >> translator: japan' recently had defense occurred in legislation should be impleme implemented transparentally and in a way conducive to friendly relatis among regional countries and to peace and stability in the region. >> mickey, this is the 17th u.n. assembly, but theed m mood was joyful. >> no. they were more excited about the agreement reached on sunday to end poverty and hunger, but when it came to issues that threatened peace and security, the world seems sharply divided. president obama ended his speech by saying this -- >> history is littered with the failure of false prophets and
fallen empires who believed that might always makes right, but we are called upon to offer a different type of leadership. leadership strong enough to recognize nations share common interests and people share a common humanity. >> no one knows if that kind of leadership can be offered in the near future. general debate continues. japanese prime minister abe will speak on tuesday. >> catherine with nhk's world editor in chief in new york. abe and putin met on the si sidelines of the summit to talk about paving ways for putin to visit japan. the two leaders have not met face-to-face since vember, and he emphasized economic ties. >> translator: russia and japan have intensified contact in all fields including a recent meeting of a bilateral governmental committee on trade
and economy, but to our regret, the volume of transactions between the two countries has declined slightly i believe we have great potential for economic cooperation. >> abe pledged to work on peace treaty talks to resolve a territorial dispute. the issue involves four russian controlled islands that japan claims. >> translator: recently, i was reelected at liberal democratic party president. this allows me to rededicate myself with peace treaty talks with vladimir. i'll work on ties with russia. >> before his departure for new york, abe said the territorial issue with russia cannot be resolved if the leaders of the two countries do not communicate. abe took part on a summit on u.n. peace keeping guidelines and says the guidelines taken on
by the indict this month will allow the country to take on a bigger role. >> translator: i have devoted all my energy to a new frame work allowing japan to make greater contributions to the peace and stability of the international community. the recent enactment of national security legislation makes it possible for japan to engage in a wider range of duties and contribute more than ever. >> abeaid japanese peacekeepers will build roads and other infrastructure. he said they'll also serve in administrative roles. he said japanese officials are considering offering flights to help peacekeepers to get to their deployments more quickly and offered to partner with the u.n. on training and other programs. abe found time to meet with ukrainian president pledging to do more to end the fighting in the eastern part of the country. >> translator: as the host of the next g7 summit, i hope japan uses ties with other members to
boost efforts for a diplomatic resolution to the crisis. >> ieb said japanese officials will continue to monitor the cease fire between ukrainian forces and pro-russian separatists. the agreement went into effect september 1st. abe noted the two sides have been, for the most part, sticking to terms of the deal. he said japan will continue to provide a variety of assistance to ukraine as long as officials in kiev push ahead with economic reforms. he expressed gratitude and said he would promote the reforms. concerns about the chinese economy dragged down stock markets in asia. gene, what's happening and a roundup of toy's bines headlines. >> thanks, james. share prices in tokyo tumble ed on the reenforced view that the economy is deteriorating on weak data of profits at the industrial companies in the country.
the nikkei fell below 17,000 for the first time in eight months. we now go to our reporter at the tokyo stock exchange. >> reporter: china is the biggest trading partner for many emerging companies. the stocks of japanese companies sensitive to overseas economies have been hit hard. we're talking about areas like firmand trading houses. the nikkei fell by 4%, closing at 16,930. the broader topix fell by 4.4%, the biggest fall in more than a month. it's the first time for the nikkei to finish below 17,000 since january 16th, lowest level in eight months, and some analysts are lowering the level of the benchmark. the losers by sector were auto makers. toyota, honda, and nissan were sold off heavily losing 4.8%. in europe, the volkswagen
scandalfuls the slump of auto shares, but in japan, we have not invested in diesel engines, so stocks are slow because of sales abroad. shipping sales were hit hard too. yusen tumbled by 7% as the news of the japanese shipper filed bankruptcy and dampened the entire sector. commodities are down and prices plummet acrosshe globe. kobe steel fell 11% as well as nippon and sumitomo metal. they are rushing to convert stocks to cash in risk aversion moves. risk averse sums up what's going on in the market and seems like the negative news from china will keep coming. at the tokyo stock exchange. >> thanks. moving oto other markets of asiaacific region. in china, the shanghai compos sat lost 2% to hit the lowest close in two weeks. energy related shares were sold
as commodity prices dropped. hong kong is back from holiday and the index plunged 3% to the lowest lows in more than two years. wide range of shares sold over the slow down in china. sydney's index plummeted 3.8% hilting a t year low, and seoul was closed for a holiday. markets there reopen on wednesday. >> china ease economic slow town sends ripples in corporate japan and medium size shipper has applied for protection from creditors, carries debt of $1 billion. >> the sharp decline in china's steel production put pressure on iron ore shipmes, producing a blow to our business. >> shippers have been trying to rebuild its business in various ways including selling off its
ships, but they gave up the attempt because its high level of past investment proved to be a burden on the company. they are a group firm of ja pane's leading shipping company, osk line, and business mainly involves transporting coal and iron ore overseas, and it's reported losses since 2011 and expecting another loss of $108 milln for the current business year executives at the company say they will continue to ship business while seeking rehabilitation under court protection. another industrial company affected by eventings in china is kobe steel saying poor sales there forced the firm to revise downward earnings forecast for the business year ending march next year. kobe style officials expect the next net profit to be $208 million, down nearly 60% from the previous forecast. sales have slipped more than
2.5% to $16 billion. the slow construction sector in china i behind a plunge in sales of machinery, such as oil pressure shovels. officials say prices dropped for steel products because of over supply and warn price competition could further heat up. a special envoy of indonesia president has informed tokyo that his country's government will choose china as its partner in a new high speed railway project. japan and china were locked in fierce competition to win the contract. national development planning minister met with japan's chief cabinet secretary in tokyo saying his government welcomed a new chinese proposal involving no financial burden on the indonesia government. he expressed disappointment that japan's proposal was rejected. earlier this month, they announced a decision to cancel the project said plans presented by japan and china would put a
strain on state coffers. the indonesia government is unwilling to take on any financial burden and will not offer guarantees for loans and requested a consortium be entrusted to the operation of the system. they reversed the prior decision after china accepted the conditions. indonesia will go ahead with a high speed railway based on china's plan. most of the funds covered by yen loans requiring guarantees by the ionesia government in jap japan's proposal. south koreans like their beer, but many are no longer content with lagger and crave flavor, character, and unique brews made by dedicated artisan. in short, they are hooked on craft beer. we report on changing tastes and a market trend that's lifting spirits.
>> reporter: these are good times for the discerning drinker. 2004's restaurants are serving craft beers in south korea, up from a handful two years ago. this bar offers more than 40 kinds from fruity and sweet to bitter. they are traveling overseas. after returning home, they wanted more choice. >> translator: with craft beer, it's easy to find one you love. we now have me variety to choose from. >> reporter: but the craft beer explosion could not have happened without a change to the law. until last year, only big brewers were permitted to sell beer at the production site. that restriction allowed two makers to dominate the market. the government has now reduced
the amount to 75 kill liters, making it possible for brewers to produce in small factories and distribute across the country. they have one company taking advantage of the rule change. it built a new brewery in may to expand production. the new equipment can pump out eight times more beer. salestripled, and they are ready to hire more workers. orders are surging across the nation, especially in seoul and surrounding areas. more and more people are veloping an affinity for unique beers. >> reporter: the market is fitting with opportunity, but with other small breweries planning to increase output, competition is heating up. the fierce competition pushes brewers to develop new concepts.
one company is smashing everything in a plan that has deep roots in korean culture. ginseng is a traditional medicine, and here farmers have been grewing it for 1300 years in punggi. this factory is making craft beer that includes extract from locally produced ginseng. before setting up his own brewery, he used to work for one of the beer giants. his goal was to make a unique korean beer, and after ten years in development, they are finally within reach. he is gearing up to start selling ginseng beer next year, but before tapping the local market, they are getting orders from china, vietnam, and other overseas distributors.
>> translator: if we make good products usi ingredients grown in the area, we can contribute to the local economy. >> reporter: the large breweries have started buying out craft beer makers, another sign of the market potential. the big question now is, whether the small makers can keep pace with south korea's thirst for unique beer. nhk world, seoul. >> here's a look at some of the other business stories we're following. the central bank of india cut key interest rate by half a percentage point to 6.75%, the fourth time this year they drop the rate to shore up the economy. reserved rates of the indian governor said conditions for further accommodations have been met, and inflation remains contained,nd the u.s. federal reserve did not raise its interest rates this month. japan's minister responsible
for the free trade talks will do his utmost to seek a broad agreement this week in the u.s. amari told reporters before flying to atlanta that failure to reach an agreement again this time could mean years of delay. officials at the u.s. security and exchanges commission say hitachi agreed to a fine of $19 million to settle charges related to contracts for building thermal plants in south africa, making improper payments of $6 million to win contracts and report them inaccurately. they neither admitted nor denied the allegations. that's business news. i'll leave you with the markets.
japanese artists have won a huge following around the world. back home, they continue to explore new creative boundaries one area where they are finding new fans is in the classroom. and they are helping to bring history alive. >> a crammed school in tokyo. a student is preparing for high school entrance exams, but it's not a textbook he reaches for. it's monga, a series of comics covers japanese history in 23 volumes. e students are required t read them between classes, and they don't need much encouraging. teachers say even those who had a difficult time with history
are now eager to study. >> translator: i've introduced monga because i noticed how easily students memorize characters and tv dramas and animae shows. >> reporter: there's a sharp rise in sales of history comics. one reason is the quality of the drawings. the publisher of this series launched in june recruited leading talents in the monga industry. the artists of this cover works for academy award winning stu o studio, and historical figures are drawn in the same hip style of fiction monga and battle scenes come alive in graphic details. in his first month on sale, this
series sold 700,000 copies, an unprecedented figure for this type of book, but style alone does not explain their popularity. creators with history monga stress substance. this publisher has done extensive research on helmets, a different style, and artists portray that reality in their drawings. >> translator: characters shown from the side or behind. s artists have a difficult time unless they know how to draw them from different angles. >> reporter: it's not just armor. publishers scrutinize each frame to ensure the work is historically accurate. >> translator: the most difficult part about this is to be faithful to the effects and int entertaining at the same time. >> reporter: that kind of attention to detail gives this
broad appeal. this 41-year-old homemaker is a fan, bitten by the history bug after buying an e-book monga for her young daughter. >> translator: it quickly was more enjoyble to read as an adult learning many things since we last studied history. in this sense, i'm more into reading monga than my daughter. >> reporter: it's already made its mark in world culture. if they stay true to history, publishers of this popular art form say they can do the same in education. >> a great way of generating interest in the classroom. you're watching nhk world. in tokyo, we have yet to feel signs of autumn, but johnat johnathan has news for those not a fan of summer-like conditions. >> feeling early, i know it's the fall months, but we're talking about snow that is
trying to fall in some of the higher elevations, and we're talking about where we are getting reports of the sn snosnow snow falling four days later than the average year, not the earliest snow, but it's certainly still seems earlier for those of us waiting more in the later months. it was 13 days later than last year so last year was faster. not particularly surprising. here's the picture that came out. you can see here, right there some of the snow that accumulated on those higher peaks, and s if you like colder weather, you may want to stop by sometime and check it out on some of the peaks. now, the reason why we're seeing this take place, and we have a low pressure system located further towards the north, it is intensifying and gathering strength, and that's a reason why w see these lines. we call these iso bars, area of equal pressure. the closer they had, that means winds are going a bit faster,
and the system is getting more and more intense, a deeper low, and that's forcing in colder air. we're looking at a combination of moisture, maybe even more cold air as the possibility precipitates into a flurry typesetup. it will dry out and the system moves away bringing much more clear conditions as we go later on throughout the week. i nt to point out, there's moisture from the south and west into the korean peninsula into the island, and we are going to see essentially more moisture developing from that as we go forward in time. now, i do want to point out wh's happening over towards mainland china where a tropical storm now, much weaker system, is now constantly getting wker and continuing to slowly move towards the west, northwest. now, this system was a deadly one, two people died over in taiwan because of the system as it landed as a typhoon on monday. now we are seeing the system
continuing to weaken. eventually, it's just going to peter out as an organized system, but the moisture, though, will still linger and it probably gets picked up by another system moving north and east, so we'll keep an eye out for that. the forecast in north america, there's a low pressure system in the south. this thing does not want to go anywhere, so it comets to bring lots of clouds and moisture and thunderstorms and heavier rain bands, and we have a cold front located to the north, so that southerly flow clashes with the cold front from the north bringing heavier rainfall all along the eastern sea board and so into portions of canada, so be prepared for that. the tropical system in the atlantic spins out there, watching that the next few days, and a quick look at marty, a tropical storm at this point, intensified to a hurricane for a brief period of time, but triggers trap call storm warnings in portions of the western coast and mexico.
genie: welcome back to the "france 24" newsroom. time for 60 minutes live around the world. i'm genie godula in paris. the u.s. launches an airstrike on the afghan city of kunduz. that city in northern afghanistan was seized by the taliban and monday, its first major takeover in a decade. steals thetin spotlight at the u.n., presenting his ideas for syria. but the russia resident and